Los Angeles daily herald., 1887-03-12
THE II. & o. AGONY.
Idle Gossip From Various Sources
but Nothing Positive.

New YORK, March ll.-Negotiations
between Garrett and the Richmond Ter.
minal Company have fallen through
and the deal is of. A new proposition
is now being considered by Garrett, and
negotiations are now. on foot for the
transfer of the Baltimore and Ohio to a
syndicate of private bankers.
BALTIMORE, March ll.-A private
dispatch received in this city this after
noon from New York says that the deal
is not off and that it will be consum-
mated. Mr.. CARROTS attention was
called to the newspaper reports regard.
ing the proposed railway arrangements.
He said that whatever arrangements
were made would commend them
selves to the community of Baltimore
and be recognized as protective, wise
and valuable 10 all interests involved.
The following statement is made by one
of the syndicate which is about to
procure control of the Baltimore and
Ohio railway: President Garrett has
granted an extension of time in which
to take up the majority of stock.
Ii seems generally believed in this
city that the great railway deal is prac.
titally off as far as Mr.. Sully il con.
cerned, and the reason given is that he
was unable to raise the necessary amount
of money in the time given, but
no one Can be found to express the
opinion that the great scheme is
net being patched. A gentleman known
to be in the condolences of MIR. Garrett
tonight stated that another and more
powerful party has made its appearance
and that second Richmond would no
doubt be victorious. Austin Corbin is
known to be in Washington tonight.
Robert Garrett is also there, and
it is not improbable that they
will come together. The result of their
interview will no doubt have consider.
able effect on the now complicated situ-
alton. That Jay Gould has become in.
terested in the scheme is no longer a
matter Of doubt, and oil money required
will be forthcoming. Drexel & Co.,
and other wealthy firms, are be.
lieved to be working with the
proposed syndicate, and Reading
and Jersey Central interests are also
involved. Details of the deal are in course
of preparation aud an early announce.
ment is confidently expected. Sully is
not believed to have abandoned the hope
that his party will win, but it is denied
here that he is interested in the new
scheme. AS far as can be learned the
companies interested are to pool their
stocks and make an entirely new issue.
One gentleman goes so far as to say that
three sbares of stock in the consolidated
concern would be given for one share of
Baltimore and Ohio. but this is believed
10 be merely conjecture. 1t is, how.
ever, understood that the new
deal is to effectually settle the
telegraph and express difficulties,
and that the Baltimore and Ohio
will not suffer bv what concessions they
have to make. Rumors are plentiful at
clubs tonight, but every one seems to
be at sea. Garrett is blamed by many
for not giving some definite information
en- the subject but his friends say he
is placed in an extremely delicate
position and that it is impossible for him
to do otherwise than keep silent until
his plans are more definitely perfect
ed. They have every confidence in his
ability to look out for the interests of his
company and do not believe that he will
do anything to jeopardise the CONNER.
cial interests of Baltimore.